Banks could face tough FX penalties

April 17, 2015 7:57 PM

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Attention major banks: Don't expect U.S. federal prosecutors to go easy on you if you're a second-time financial offender.

Assistant Attorney General Leslie Caldwell repeated the message on Friday for the second time in just over a month, warning that banks awarded non-prosecution or delayed-prosecution agreements for past misdeeds likely won't get another chance if they stray again.